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The Columbus Dispatch • Friday August 1, 2014 1:42 AM

State Auto Financial

Second quarter

2014

2013

Revenue

$294.4 million

$285.3 million

Net income

$3 million

$6.2 million

Earnings per share

7 cents

15 cents

Six months

2014

2013

Revenue

$585.7 million

$570.6 million

Net income

$30.1 million

$25.9 million

Earnings per share

73 cents

64 cents

State Auto Financial’s profit in the second quarter fell by about half from the same period of
2013. Although catastrophic losses from spring storms totaled about the same as a year earlier, the
insurer was hurt by one-time charges, including a $11.4 million expense stemming from a program
discontinued in 2012 and a $4.4 million charge tied to the reorganization of its
information-technology department. The company had a $5.3 million investment gain.

Bravo Brio Restaurant Group

Second quarter

2014

2013

Revenue

$104.5 million

$105.6 million

Net income

$4 million

$4.5 million

Earnings per share

20 cents

22 cents

Six months

2014

2013

Revenue

$207.1 million

$208.7 million

Net income

$6.8 million

$8 million

Earnings per share

34 cents

39 cents

Bravo Brio officials blamed soft retail sales and deep discounting by rivals for its same-store
sales decline of 5.1 percent. They also noted a traffic decline of 6.2 percent during the quarter.
The company lowered its forecast for 2014 to $410 million to $420 million in sales because of
continued lower traffic and the closure of two Brio locations. The company plans to open four
restaurants by the end of the year.

Source: company reports

State Auto
Financial’s profit in the second quarter fell by about half from the same

period of 2013.
Although catastrophic losses from spring storms totaled about the

same as a year
earlier, the insurer was hurt by one-time charges, including a $11.4

million expense
stemming from a program discontinued in 2012 and a $4.4

million charge tied to the
reorganization of its information-technology department.